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Financial Derivatives - Schedule of Net Income/(Expense) Recognized (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]        
Investments and cash equivalents $ 21,581 $ 4,121 $ 38,497 $ 14,107
Interest Income Farmer Mac Guaranteed Securities and USDA Securities 74,695 42,339 169,231 127,976
Interest Income Loans 97,514 61,923 241,393 181,631
Total interest expense (125,937) (49,467) (251,816) (155,599)
Gains/(losses) on financial derivatives 772 (888) 21,551 2,581
Total 68,625 58,028 218,856 170,696
Expense recognized on cash flow hedges 4,192 3,250 33,272 14,855
Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (159,661) (43,732) (488,481) (212,845)
Gains/(losses) on fair value hedging relationships (625) 1,992 5,953 1,432
Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items (15) (11) (43) (25)
Interest settlements reclassified from AOCI into net income on derivatives 1,072 (1,932) (2,094) (5,454)
Recognized on hedged items (4,046) (685) (6,654) (1,983)
Expense recognized on cash flow hedges (2,989) (2,628) (8,791) (7,462)
Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 19,974 28,088 76,840 88,670
Premium/discount amortization recognized on hedged items (608) (287) (2,294) (765)
No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 772 (888) 21,551 2,581
Interest Income Investments and Cash Equivalents | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (52,308) (1,737) (108,002) (1,549)
Gains/(losses) on fair value hedging relationships (2,935) 90 (1,067) 102
Interest Income Investments and Cash Equivalents | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Income Investments and Cash Equivalents | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 4,617 274 10,433 341
Premium/discount amortization recognized on hedged items (59) 0 (816) 0
Interest Income Investments and Cash Equivalents | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (204,765) (31,523) (564,679) (150,445)
Gains/(losses) on fair value hedging relationships (2,901) 2,449 (782) 3,743
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 35,763 28,937 102,123 90,278
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Interest Income Loans | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (100,490) (19,184) (337,443) (99,955)
Gains/(losses) on fair value hedging relationships 5,193 468 9,591 321
Interest Income Loans | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Income Loans | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 14,857 11,817 41,146 34,940
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest Income Loans | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Total Interest Expense | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 197,902 8,712 521,643 39,104
Gains/(losses) on fair value hedging relationships 18 (1,015) (1,789) (2,734)
Total Interest Expense | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items (15) (11) (43) (25)
Interest settlements reclassified from AOCI into net income on derivatives 1,072 (1,932) (2,094) (5,454)
Recognized on hedged items (4,046) (685) (6,654) (1,983)
Expense recognized on cash flow hedges (2,989) (2,628) (8,791) (7,462)
Total Interest Expense | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (35,263) (12,940) (76,862) (36,889)
Premium/discount amortization recognized on hedged items (549) (287) (1,478) (765)
Total Interest Expense | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Gains on financial derivatives | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 0 0 0 0
Gains/(losses) on fair value hedging relationships 0 0 0 0
Gains on financial derivatives | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Gains on financial derivatives | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 0 0 0 0
Premium/discount amortization recognized on hedged items 0 0 0 0
Gains on financial derivatives | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 772 (888) 21,551 2,581
Interest Rate Swap | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (20,235) (17,091) (52,622) (54,150)
Income/(expense) related to interest settlements on fair value hedging relationships (869) 10,710 21,924 33,755
Recognized on derivatives 159,036 45,724 494,434 214,277
Interest Rate Swap | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 5,054 (634) 10,954 (662)
Expense recognized on cash flow hedges (2,613) 168 (5,496) 3,489
Interest Rate Swap | Interest Income Investments and Cash Equivalents | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 957 (141) (1,536) (177)
Income/(expense) related to interest settlements on fair value hedging relationships 5,515 133 8,081 164
Recognized on derivatives 49,373 1,827 106,935 1,651
Interest Rate Swap | Interest Income Investments and Cash Equivalents | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (350) (20,925) (37,687) (63,966)
Income/(expense) related to interest settlements on fair value hedging relationships 35,413 8,012 64,436 26,312
Recognized on derivatives 201,864 33,972 563,897 154,188
Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Interest Income Loans | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 1,837 (6,911) (9,568) (20,185)
Income/(expense) related to interest settlements on fair value hedging relationships 16,694 4,906 31,578 14,755
Recognized on derivatives 105,683 19,652 347,034 100,276
Interest Rate Swap | Interest Income Loans | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Total Interest Expense | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (22,679) 10,886 (3,831) 30,178
Income/(expense) related to interest settlements on fair value hedging relationships (58,491) (2,341) (82,171) (7,476)
Recognized on derivatives (197,884) (9,727) (523,432) (41,838)
Interest Rate Swap | Total Interest Expense | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Gains on financial derivatives | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 0 0 0 0
Income/(expense) related to interest settlements on fair value hedging relationships 0 0 0 0
Recognized on derivatives 0 0 0 0
Interest Rate Swap | Gains on financial derivatives | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 5,054 (634) 10,954 (662)
Expense recognized on cash flow hedges (2,613) 168 (5,496) 3,489
Treasury futures | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives (1,669) (422) 16,093 (246)
Treasury futures | Interest Income Investments and Cash Equivalents | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Interest Income Loans | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Total Interest Expense | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Gains on financial derivatives | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives $ (1,669) $ (422) $ 16,093 $ (246)